UBS Group AG Has $2.12 Million Position in Liberty Broadband Corporation (LBRDA)
UBS Group AG reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,924 shares of the company’s stock after selling 577 shares during the period. UBS Group AG’s holdings in Liberty Broadband Corporation were worth $2,121,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. MAI Capital Management bought a new position in Liberty Broadband Corporation during the first quarter worth $210,000. Mraz Amerine & Associates Inc. bought a new position in Liberty Broadband Corporation during the first quarter worth $222,000. M&T Bank Corp bought a new position in Liberty Broadband Corporation during the first quarter worth $225,000. Great Lakes Advisors LLC bought a new position in Liberty Broadband Corporation during the first quarter worth $229,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Liberty Broadband Corporation during the first quarter valued at about $241,000. 81.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.37% during trading on Friday, hitting $98.09. 68,669 shares of the company were exchanged. The stock has a market cap of $17.84 billion, a P/E ratio of 560.51 and a beta of 1.48. Liberty Broadband Corporation has a 12 month low of $61.53 and a 12 month high of $100.16. The company’s 50-day moving average price is $87.65 and its 200 day moving average price is $85.56.
Several research analysts have recently weighed in on LBRDA shares. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th. BidaskClub cut Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $96.00.
In related news, Director John C. Malone sold 34,500 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $99.19, for a total transaction of $3,422,055.00. Following the completion of the sale, the director now owns 3,781,531 shares in the company, valued at approximately $375,090,059.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 23,000 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the sale, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,200 shares of company stock valued at $13,432,229. Corporate insiders own 6.09% of the company’s stock.
About Liberty Broadband Corporation
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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